Tokyo Financial Exchange

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Tokyo Financial Exchange
TFX logo.gif
Founded 1989
Headquarters Tokyo, Japan
Key People Nobuyuki Kinoshita, President & CEO
Products Interest rates, forex
Website https://www.tfx.co.jp/en/

The Tokyo Financial Exchange (TFX) offers futures contracts on short-term yen-denominated interest rates, yen-based forex cross rates and equity index futures.[1]

In 2021, Tokyo Financial Exchange was ranked 28th largest in terms of derivatives volume, according to the Futures Industry Association's annual volume survey, with 67.76 million contracts traded, up 36.39 percent from the 49.68 million traded in 2020.[2]

Background[edit]

The exchange was established in April 1989 under the Financial Futures Trading Law of Japan.[3] After the Financial Futures Trading Law was abolished and the Financial Instruments and Exchange Law was enforced in September 2007, TFX transformed from a financial futures exchange into a more comprehensive financial exchange that can handle any type of financial product.[4]

As of 2018, however, the exchange was only offering financial futures contracts.

On June 22, 2009, the TFX gained 'recognized market operator' status from the Monetary Authority of Singapore (MAS), allowing Singaporean investors to become remote TFX members and trade its contracts directly.[5] In January 2010, the TFX was sued by a group of Japanese investors over a scandal involving German bank Commerzbank mispricing forex contracts between the South African rand and the Japanese yen.[6]

Products[edit]

Contract Volume[edit]

Year Total Annual Volume Percent Change
2021 67,769,003 36.39%
2020 49.688,268 48.5%
2019 33,457,924 (-) 13.84%
2018 38,833,350 0.9%
2017 38,478,945 (-) 26.1%
2016 52,086,497 6.3
2015 48,986,442 19.8%
2014 40,900,423 (-) 37.6%
2013 65,527,790 (-) 2.1%
2012 66,925,893 (-) 53.8%
2011 144,901,960 19.5%
2010 121,278,095 44.9%
2009 83,678,044 --

Key People[edit]


References[edit]

External links[edit]